We3kly Web3 R3cap #16
2023-06-18
Hey Buddies!
We've scoured the web for the most exciting news from the Polkadot ecosystem and beyond.
So grab a drink, sit back, and catch up on all the cool stuff happening in the world of Web3.
What's inside
Buddies Street News
Polkadot Ecosystem
General News
NFT News
DeFi News
Outside Polkadot
Buddies Street News
An overview of all the things that happened last week on Buddies Street.
Vote Count Underway for Collection Migration
The final decision on where to migrate the collection will be announced soon as votes are being processed. Stay tuned for updates.
Over 300 MoonBuddies Staking and Earning $SEEDS Rewards
A total of 330 MoonBuddies are now staked, with their owners earning daily $SEEDS rewards. Don't miss out on this opportunity and join the BuddieVerse now!
Polkadot Ecosystem
General News
Polkadot OpenGov Unveils New Decentralized Governance System
Polkadot OpenGov introduces a transparent and efficient governance system, empowering DOT holders to propose referendums. The system's success is evident in Kusama Network's four-fold increase in proposal submissions within six months.
PolkadotDecoded 2023: Blockchain's Biggest Event
PolkadotDecoded returns in 2023, featuring 100+ speakers and blockchain projects from June 28-29 in Copenhagen and online.
Polkadot Pioneers AMA Webinar: Ecosystem Diversity and Disruptive Innovation
Join the Polkadot Pioneers AMA on June 20th, featuring speakers from Parity Technologies, Interlay, Moonbeam Network, and Pendulum Chain, as they discuss ecosystem diversity and collaborative innovation.
InvArch Submits Treasury Proposal for Saturn Gateway to Polkadot
The InvArch core team has submitted a treasury proposal to Polkadot for the development of Saturn Gateway, a multichain multisig application. The team received positive feedback from the community following a Polkadot AAG Call discussion.
Moonbeam Encourages Labeling Smart Contracts, Showcases Top Teams
Moonbeam is recognizing top teams that label their smart contracts, urging projects to submit contract info to Moonscan for public access to key metrics. This supports Dapp's extraction of valuable on-chain data such as transactions, users, and verified contracts.
Astar Network 2.0 Goes Live with Exciting Updates and Events
Astar Network's 2.0 launch brings revamped direction, tokenomics, and Web3 technology, alongside unique dApp stakers and Polkadot Hackathon participation. The community also had a chance to chat with the Head of Astar Foundation about 2023 plans.
QuestN Users Can Now Create Private zkFuturist Tokens via @MantaNetwork
QuestN users can mint private soul-bound zkFuturist tokens through the Manta Network NPO, allowing identity verification without data leakage. Users need an EVM-compatible wallet, QuestN App account, and Manta Wallet to participate and earn rewards.
Jur Solo Chain Goes Live, Validators Confirm First Blocks
Jur's development team has successfully launched the Jur solo chain, with validators confirming the first blocks. The Token Swap and Society dApp release are scheduled in the coming weeks.
NFT News
Teddy DAO Launches Website: Create Custom Teddy PFPs for Charity
Teddy DAO has unveiled teddydao.org, allowing users to create personalized Teddy NFTs from over 4 million possibilities. The initiative aims to use NFTs for charity, with winners receiving a Teddy trucker cap.
Grill.chat Adds NFT Support and Expands to Substrate Marketplaces
Grill.chat now supports embedding EVM-based NFTs in chats with automatic PFPs and owner labels, with plans to include Substrate NFTs such as MoonbeamNetwork and AstarNetwork. Future features may offer in-chat verification for NFT owners and profile picture customization based on collections.
Moonsama Network Reveals Future Staking & Governance Model Proposal
Moonsama's CTO, Kyilkhor, unveils a proposal for the staking and governance model of the upcoming Moonsama Network, inviting community members to review and discuss it on Discord. Visit the link below to access the proposal and join the conversation.
Win Exclusive NFTs & Rewards with Alpha Loot Boxes
Don't miss your chance to score amazing costumes and rewards, including Moonsama and Exosama NFTs, through alpha loot boxes. Hurry, these opportunities won't last forever!
GM Soldiers Can Now Trade Gems on Rmrk Singular Marketplace
Snakesoldiers.com introduces gem claiming for GM soldiers, with gems now tradeable on the Rmrk Singular platform. However, be aware that element gems remain non-transferable.
Bluez Introduces #XVM Technology for Enhanced NFT Trading
Bluez announces their #XVM technology, offering versatile smart contracts and multi-chain access for NFT trading, while bridging communication gaps between smart contracts and virtual machines.
Unique Network Marketplace to Temporarily Close for Decentralized Relaunch
Starting June 14, the Unique Network Marketplace will close temporarily for a relaunch as a permissionless and decentralized platform, with NFT owners required to burn and re-mint their tokens.
DeFi News
Mangata Unveils Improved Proof-of-Liquidity V2 Consensus Mechanism
Mangata's new Proof-of-Liquidity V2 aims to solve the issue of locked capital in decentralized finance, allowing users to Stake Once, Earn Twice. Learn more at the Mangata website.
HydraDX Introduces Dollar-Cost Averaging and Launches Contest
HydraDX announces a dollar-cost averaging feature on its decentralized crypto exchange, allowing users to buy assets at 1-24 hour intervals. To celebrate, they're hosting a DCA contest with 100,000 HDX in prizes for best meme and user manual.
Bifrost Introduces Staking Liquidity Protocol for Enhanced Validator Rewards
Bifrost's Staking Liquidity Protocol allows users to stake tokens with reputable validators and earn rewards while minimizing slash risks. The protocol features insurance and compensation mechanisms, and validators are added to distinct lists based on decentralization, security, yield, and additional services they offer.
Bifrost Utilizes Reward-Bearing Tokens for Staking Rewards
Bifrost uses reward-bearing tokens, such as vETH, to distribute staking rewards to users instead of employing the Rebase method. This approach enhances liquid staking solutions for multiple assets, including Polkadot, Kusama, Ethereum, and Filecoin.
DeFi Bites by Centrifuge Explains DeFi Basics in 28 Seconds
This week's DeFi Bites video breaks down core decentralized finance concepts in under a minute. Watch the playlist and stay tuned for new content every Friday.
Outside Polkadot
Enhance DeFi Experience with DefiLlama ChatGPT Plugin
ChatGPT Plus users can now easily access DeFi protocol and blockchain information with the DefiLlama ChatGPT Plugin. The developer has fixed a known bug and aims to make it a trending browser plugin.
AlchemyAI Unveils AI Tools for Efficient Web3 Development
AlchemyAI introduces a suite of AI-powered tools, including ChatWeb3 and Alchemy ChatGPT Plugin, to simplify and enhance web3 project creation for developers of all skill levels. Join the waitlist on alchemy.com/alchemyai today.
Uniswap Unveils Vision for Version 4 with Customizable Liquidity Pools
Uniswap announces its plan for version 4, featuring hooks for new functionality and cost-efficient pool creation. The platform encourages developers to contribute ideas and feedback for innovative hook designs.
GMX V2 Testnet Opens for Public Testing on Avalanche Fuji Network
The GMX V2 Testnet is now live, allowing users connected to the Avalanche Fuji Testnet to explore various trading features. The platform includes market orders, limit orders, pools, collaterals, and more, with significant upgrades planned for the future.
Crypto Lobbying Groups Challenge SEC's Attempt to Regulate DEXs
US SEC faces criticism from crypto lobbying groups for trying to regulate decentralized exchanges (DEXs) by redefining digital exchanges. The authors of DEXs argue that this would lead to unnecessary monitoring, while Coinbase has filed a lawsuit against the regulator.
SEC Stalls on Crypto Rules Decision Despite Court Order
The SEC continues to claim no decision on new crypto rules, despite a Third Circuit order demanding a deadline. The regulatory body only anticipates making a recommendation in 120 days.
EU Data Legislation May Impact Smart Contract Development
The EU's potential data policy bill could require major changes to smart contracts, possibly undermining the core proposition of decentralized finance. The final decision on the legislation is expected by the end of June, with adoption as early as September.
Binance.US Suspends USD Deposits, Warns of Withdrawal Pause Amid SEC Pressure
Binance.US has halted United States dollar deposits and warned of potential fiat withdrawals pause starting June 13th, due to aggressive tactics from the US SEC. The company plans to transition to a crypto-only exchange, while maintaining full operations for trading, staking, and cryptocurrency transactions.
Robinhood Delists Solana, Polygon, Cardano Amid SEC Crackdown
Robinhood will discontinue support for cryptocurrencies Solana, Polygon, and Cardano by June 27, 2023, following the SEC's intensifying scrutiny on crypto exchanges. Users can transfer these tokens until the deadline.
JOIN US!
Feel stressed, or want an excellent start to your day?
Try Phunky Phresh Twitter Spaces - 10 Mindful Minutes to Start Your Day.
Your feedback will help us improve this newsletter.
// See you next week! //